Third Quarter 2014 Conference Call November 4, 2014
Recent Developments Russ Girling, President & CEO 3
Third Quarter 2014 Highlights Three core business areas of gas and liquids pipelines and energy again generated solid earnings and cash flow in the quarter Strong contributions from new assets such as the Keystone Gulf Coast…
Third Quarter 2014 Financial Highlights Net income attributable to common shares was 457 million or 64 cents per share Comparable earnings were 450 million or 63 cents per share Comparable EBITDA of 1.4 billion and funds generated…
Advancing Our Capital Program Expected Capital Amount Project In-Service Date* Cost* Spent Houston Lateral and Terminal 2015 US0.6 US0.4 Keystone Hardisty Terminal ** 0.3 0.1 Heartland and TC Terminals 2016 0.9 0.1 Grand Rapids…
Energy East Pipeline Project Qubec Atlantic Canada 400 kbbl/d 415 kbbl/d U.S. PADD I 1,200 kbbl/d NEB project application filed October 30. The detailed 30,000 page document is the result of more than 18 months of…
Eastern Mainline Project 1.5 billion project would add 250 kilometres of natural gas pipelines and 600 mmcf/d of capacity We are only re-purposing capacity for Energy East that the export market no longer contracts for Ontario…
Keystone XL Presidential Permitting process in a holding pattern U.S. Department of State said more time required to understand Nebraska legal issues Oral arguments in Nebraska Supreme Court heard September 5th to address…
Keystone XL September 19th marked the six-year anniversary of the application filing for KXL Multiple reviews by DOS concluded KXL would have minimal environmental impact KXL delays have driven up costs that will be passed to…
B.C. LNG Pipeline Projects B.C. Environmental Assessment Office has issued a key permit for the Coastal GasLink pipeline project Permit came with a number of anticipated conditions TransCanada has also submitted other key…
Bison Drop Down In early October sold TransCanadas remaining 30 per cent interest in Bison to TC PipeLines, LP for US215 million Sale re-confirms our previously stated commitment to sell the remainder of the companys U.S. natural…
Key Takeaways Three core businesses performed well, highlighting benefits of diversification and solid contractual and regulatory underpinning Contributions from new assets such as Keystone Gulf Coast Extension and Tamazunchale…
Key Takeaways 46 billion capital program essentially all projects backed by long term contracts or cost of service business models Focused on maximizing value of 57 billion asset portfolio, moving capital program forward,…
Third Quarter 2014 Financial Results Don Marchand, EVP & CFO 15
Third Quarter 2014 Key Messages: Core asset base and 3.5 billion of new projects contributed to solid third quarter financial results Captured an additional 4.7 billion of Canadian natural gas pipeline investment opportunities…
Consolidated Results of Operations (unaudited) (millions of dollars, except per share amounts) Three months Nine months ended Sept 30 ended Sept 30 2014 2013 2014 2013 Net Income Attributable to Common Shares 457 481 1,285 1,292…
Business Segment Results (unaudited) (millions of dollars) Three months Nine months ended Sept 30 ended Sept 30 2014 2013 2014 2013 Natural Gas Pipelines Canadian Pipelines 557 519 1,672 1,507 U.S. and International Pipelines 188…
Other Income Statement Items (unaudited) (millions of dollars) Three months Nine months ended Sept 30 ended Sept 30 2014 2013 2014 2013 Comparable EBIT (1) 984 891 2,805 2,492 Comparable interest expense(1) (304) (235) (875)…
Cash Flow and Investing Activities (unaudited, millions of dollars) Three months Nine months ended Sept 30 ended Sept 30 2014 2013 2014 2013 Funds Generated From Operations(1) 1,071 1,046 3,090 2,917 Investing Activities:…
Financial Position Remains Strong Consolidated Significant financial flexibility Capital Structure* (at September 30, 2014) A grade credit ratings 698 million cash on hand 5 billion of undrawn committed credit lines and two well…
TransCanada Key Takeaways Solid third quarter results from blue-chip asset base 3.5 billion of new assets now contributing, including the Keystone Gulf Coast extension, Tamazunchale Extension and NGTL System expansions Continue…
Question & Answer Period Russ Girling Don Marchand Alex Pourbaix Karl Johannson Paul Miller Bill Taylor Glenn Menuz David Moneta 23
Third Quarter 2014 Conference Call November 4, 2014
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